On Friday, President Trump signed a new executive order which lowered the cost of drugs by tying them to the price consumers pay outside of the United States. Dr. Michelle McMurry-Heath, President and CEO of the Biotechnology Innovation Organization (BIO), joins The Final Round panel to discuss the impact that this could have on the pharmaceutical industry.

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Investor’s Advantage Corp Founder and President John Grace joins Yahoo Finance’s Akiko Fujita to discuss the country’s economic outlook amid renewed lockdowns in some states as COVID-19 cases climb.

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(Bloomberg) — Bridgewater Associates former co-chief executive officer Eileen Murray escalated a feud over her departure, accusing the $138 billion firm founded by billionaire Ray Dalio of threatening to withhold her deferred compensation because she went public with gender discrimination allegations.Murray, 62, has been negotiating with the world’s biggest hedge fund for three months over her exit package — a fight that has dragged on because Bridgewater’s offer was less than what has been paid to men who left the firm and below the status of her position, according to one of Murray’s advisers. It was the third time since 2017 that the firm had offered her compensation that was lower than that of male colleagues of comparable levels, according to the person.In her suit, filed Friday in federal court in Connecticut, Murray says the firm told her in writing on July 14 that her public disclosures about her dispute with the company will lead to forfeiture of her deferred compensation, which she said could range from $20 million to $100 million. She called the firm’s attempt to withhold the deferred pay an “improper gambit to silence her voice” and a “cynical plan to intimidate and silence her.”Murray has joined several boards since she left Bridgewater in April, including being elected chairman of the Financial Industry Regulatory Authority in June. She said that and other business opportunities required her to disclose the existence of her gender discrimination, unequal pay and breach-of-contract dispute with Bridgewater.Bridgewater didn’t immediately respond to a request for comment.Murray joined Bridgewater in 2009 and became co-CEO two years later. When she departed in April she was the lone woman among the top four non-investment executives at the firm, and the longest tenured other than Dalio.Murray also stands as a role model for women, the suit said, and she “feels a personal duty to uphold the principles of fair and equal treatment that she has publicly avowed for women in the workplace.”Bridgewater can play hardball with employees. In late 2017, the firm took two former staffers to arbitration, accusing them of stealing trade secrets. Earlier this month, arbitrators found the company brought the case in bad faith to slow the duo’s progress in opening their own money management firm, according to a filing in New York state court. Bridgewater said it accepted the panel’s decision.Bridgewater’s main hedge fund lost 20.6% in the first half of this year, and the firm said on Friday it’s planning job cuts because it won’t need the same number of support staff as more employees work from home and new technologies are changing the types of people it needs to serve clients.The case is Murray v Bridgewater Associates, 20-cv-1052, U.S. District Court, District of Connecticut.(Updates with background from the suit in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Teradyne, Inc. (NASDAQ:TER) defied analyst predictions to release its second-quarter results, which were ahead of…

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Does the July share price for Gravity Co., Ltd. (NASDAQ:GRVY) reflect what it's really worth? Today, we will estimate…

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Gold prices finished the week on an up note, rising 0,75% and closing the week up more than 5%. Optimism in the US continues to fade as more workers now believe their temporary job losses will become permanent. US yields continued to move lower, helping to undermine the greenback, and paving the way for higher gold prices.

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(Bloomberg) — Intel Corp.’s decision to consider outsourcing manufacturing heralds the end of an era in which the company, and the U.S., dominated the semiconductor industry. The move could reverberate well beyond Silicon Valley, influencing global trade and geopolitics.The Santa Clara, California-based company has been the largest chipmaker for most of the past 30 years by combining the best designs with cutting-edge factories, several of which are still based in the U.S.Most other U.S. chip companies shut or sold domestic plants years ago, and had other firms make the components, mostly in Asia. Intel held out, arguing that doing both improved each side of its operation and created better semiconductors. That strategy is in tatters now, with the company’s factories struggling to keep up with the latest 7-nanometer production process.After Chief Executive Officer Bob Swan said Intel is considering outsourcing, the company’s shares slumped 16% on Friday, the most since March, when the stock market plummeted in the early days of the Covid-19 pandemic.“We view the roadmap missteps to be a stunning failure for a company once known for flawless execution, and could well represent the end of Intel’s computing dominance,” Chris Caso, an analyst at Raymond James, wrote in a research note on Friday.Swan says where a semiconductor is made isn’t that important. However, domestic chip production has become a national priority for China, and some U.S. politicians and national-security experts consider sending this technical knowhow overseas to be a potentially dangerous mistake.“We’ve seen how vulnerable we are,” John Cornyn, a top Senate Republican, said in June when U.S. lawmakers proposed an estimated $25 billion in funding and tax credits to strengthen domestic semiconductor production.Intel’s Xeon chips run computers and data centers that support the design of nuclear power stations, spacecraft and jets, while helping governments quickly understand intelligence and other crucial information.Many of these processors are made at facilities in Oregon, Arizona and New Mexico. If Intel outsources this work, it would likely be done by Taiwan Semiconductor Manufacturing Co., which focuses on production and is currently the world leader. It’s based in Hsinchu, one of the closest Taiwanese cities to China, which considers the Asian island a rogue province rather than an independent country.“With the latest push out of process technology, we believe that Intel has zero-to-no chance of catching or surpassing TSMC at least for the next half decade, if not ever,” Susquehanna analyst Chris Rolland wrote in a research note. He thinks Intel should sell its plants to TSMC, although he says that’s unlikely.Over the years, Intel has spent tens of billions of dollars updating its factories, and all of Swan’s predecessors touted them as a crucial advantage that kept the company ahead of the rest of the industry. As the largest chip producer, Intel benefited from economies of scale and attracted the most experienced engineers and scientists.The rise of smartphones and other mobile devices changed all that. Intel dabbled in mobile chips, but never committed its best production and design to the area, preferring to prioritize its existing PC and server chip businesses. When smartphone sales took off, phone makers used other processors from companies like Qualcomm Inc. or they designed their own, like Apple Inc. And TSMC factories churned these components out.While Intel makes hundreds of millions of chips a year now, TSMC produces more than a billion annually. That’s given the Taiwanese company more experience to improve its factories, helping TSMC’s engineers overtake their Intel counterparts in technical execution.Read more: Intel’s Chipmaking Throne Is Challenged by Taiwanese UpstartSwan said on Friday that Intel’s products are still the best, despite the manufacturing delays. But by opening the door to outsourcing, the CEO endangers one of the last bastions of U.S. technology leadership.“By outsourcing leading edge technology, presumably to TSMC, Intel would give up what has been its main source of competitive advantage for 50 years,” Caso of Raymond James said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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An administrative court run by the U.S. Patent and Trademark Office on Thursday rejected Moderna’s arguments to invalidate a U.S. patent owned by Arbutus, sparking worries over its efforts to develop next-generation vaccines, including a coronavirus vaccine. Moderna said the court’s ruling relates to actions it took in response to “longstanding aggressive posture” taken by Arbutus against developers of nucleic acid-based therapeutics and began well before the development of mRNA-1273, its COVID-19 vaccine candidate.

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This big breakout in Silver is nothing more than a phenomenal warning for all traders and investors – BE WARNED: RISKS ARE SKYROCKETING HIGHER.

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